Testing my experience with the use of Traders Dynamic Index with at least 2 time frames I suggest Bitcoin price will drop to at least Fibonacci extension levels of 118% and 127%. Around $5,100
Note
Sorry. I forgot to consider Weekly Chart, so this would have been a counter-trend trade, a silly setup. Graphic correction, contradicting my past opinion: Note
Incomplete analysis performed
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.